Hello everybody,
As always people started heavily speculation on "What Is Going To Happen With Bitcoin Today". I have seen to much pathetic analysis done by traders and would like to share my point of view on this matter.
6K was the mark that separated Bullish and Bearish zones. A true breakout always has big price movement to back it up, and as you see in the chart, bitcoin has it (with EMA and with 6k). Currently we should expect a consolidation period coming up because price just doesn't go "Only Up". Wait for it to happen, and then place your orders accordingly to how everything looks.
The main problem that people have, as I have seen browsing around tradingview, is that you want to catch the Tops and the Bottoms. You can't beat the market because you are competing against banks and people, who have 1000x more money then you have.
Follow - The - Money.
Although I believe that bitcoin will go up looking at the chart, personally I do not care where it will go because at best I will lose a few trades before I catch the main trend and profit a LOT more then I will lose to stop-losses.
Share your ideas in the comments and let's discuss!
Happy trading!
As always people started heavily speculation on "What Is Going To Happen With Bitcoin Today". I have seen to much pathetic analysis done by traders and would like to share my point of view on this matter.
6K was the mark that separated Bullish and Bearish zones. A true breakout always has big price movement to back it up, and as you see in the chart, bitcoin has it (with EMA and with 6k). Currently we should expect a consolidation period coming up because price just doesn't go "Only Up". Wait for it to happen, and then place your orders accordingly to how everything looks.
The main problem that people have, as I have seen browsing around tradingview, is that you want to catch the Tops and the Bottoms. You can't beat the market because you are competing against banks and people, who have 1000x more money then you have.
Follow - The - Money.
Although I believe that bitcoin will go up looking at the chart, personally I do not care where it will go because at best I will lose a few trades before I catch the main trend and profit a LOT more then I will lose to stop-losses.
Share your ideas in the comments and let's discuss!
Happy trading!
Those profits looking nice.